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Dollar Falls Against Euro

Greenback Also Down Against Canadian Dollar, Norwegian Krone as Oil Rebounds

By

James Ramage

Feb. 3, 2015 4:52 p.m. ET

The dollar tumbled against the euro Tuesday as Greece’s debt efforts soothed traders’ concerns about the future of the eurozone, while a rally in crude prices boosted currencies connected to oil-exporting economies.

The euro jumped to its strongest level in more than a week, rising 1.3% to $1.1483 in late-afternoon trade. The U.S. currency fell 1.3% against the Canadian dollar, to C$1.2399, and dropped 1.8% versus the Norwegian krone, to 7.5135 kroner, its lowest since Jan. 2.